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Should I Lease or Buy a Chevrolet?

Should I Buy Or Lease From Yemm Auto?

Once you've picked the new Chevrolet you'd like to drive home, the question remains: should you lease or buy your new Chevy? Here at our Chevrolet dealership near the Quad Cities, we have a team of finance experts who are happy to help you determine what makes the most sense for your budget and lifestyle. Our Chevrolet finance team will help you understand the various benefits of leasing a vehicle, as well as the benefits of financing a new car. While neither is a bad option, one will definitely work better for your unique situation.

Should I Lease a Chevrolet?

Visit our Chevy finance center in Galesburg, IL, today and learn more about the benefits of leasing versus financing. If you choose to lease a Chevrolet, you'll get to pick from the newest Chevy models on our lot. Then, every two to four years you'll upgrade to the next newest model. This is a great way to ensure you're always getting the most cutting-edge technology in your vehicle. If you lease a Chevy, you'll also likely have a smaller down payment and smaller monthly payments than you would if you were financing.

Should I Finance a Chevrolet?

If you decide you'd like to finance your Chevrolet, then you'll work with our financing team to find the best financing rate for your specific budget. We work with a variety of lenders, which helps us to get you the best car loan we can. When you finance a Chevrolet, your monthly payments will be larger than if you were leasing, but at the end of your financing term you'll own your vehicle. This also means you can drive as far as you want without worrying about mileage restrictions and you can customize your Chevy any way you want.

What's the Difference Between Leasing and Buying a Chevy?

Features

Buying

Leasing

Monthly Payments

-Higher monthly payments-Low interest rates available

-Lower monthly payments-Payments limited to portion of Chevy you use

Payoff

-You want to keep your Chevy after paying it off

-You want to sell or trade your vehicle at the end of your lease term-You want the option to buy in a few years but aren't ready to commit now

Ownership Period

-You like to drive a car for 6+ years-You want to own your car long term

-You want to get a new car every 2-3 years

Mileage Restraints

-You drive 18,000+ miles a year
-You don't want to worry about mileage restrictions